Eqtec Share Discussion Threads

[pa123] 04/7/2023 11:47

Badly need Italy financial closure to be sorted? It seems we are hostage to things outside our control, heading towards critical stall here

[m4rtinu] 03/7/2023 21:43

Is this a joint venture?

[adi27] 02/7/2023 13:45

Add it to the list

[m4rtinu] 02/7/2023 13:42

Agree. Kibo definitely a poor decision.

[stevea171] 02/7/2023 11:55

Kibo doesn't have a brass farthing to pay anything to Shankley so I'm not surprised Shankley are digging in and refusing to make financial disclosure.
"Ongoing dispute".

Eqtec are at fault for agreeing to Kibo's participation in Billingham without doing any due diligence it seems and then compounding the problem by agreeing to their participation on the Southport project.
In some ways EQT is like Kibo. It has been trying to 'big' itself up by announcements and projects without regard to their viability or building a company in a measured step by step process.
EQT have now fallen on hard times, due to lies, umpteen failed timelines and successive cash raises and loans that have diluted shareholders into the ground and which the market will not forgive easily.

Kibo have completed no projects ever - which is the past 10 years.
So one of the differences between the two is EQT say they have now completed a project though 6 months late and with (so far) non disclosure of the financial implications.

[stevea171] 29/6/2023 08:12

From Kibo's AR out today re EQT's project at Southport:

Southport - Waste-to-Energy Project (UK)

Kibo has entered into a share purchase agreement to acquire Shankley Biogas Limited, securing the rights to the Southport project-a 12 MW Waste to Energy initiative near Liverpool, UK. The project aims to generate bio-methane, power a 10 MW CHP plant, and a 2 MW battery storage facility. Shankley Biogas Limited has secured a favourable conditional Power Purchase Agreement (PPA) and Gas Purchase Agreement (GPA) with a reputable buyer. The project has received full planning permission and has established grid and gas connection points. Financial estimates demonstrate promising returns and value for the project.

With reference to the qualified audit opinion on the Company's investment in Shankley Biogas Limited, Kibo was unable to provide the auditor with sufficient appropriate audit evidence about the carrying values of the investment in Shankley and its associated assets and liabilities, as included in the Group and Company Balance Sheet as at 31 December 2022. This is because of a dispute with the vendor due to the vendor's inability to provide sufficient and reliable financial information for Shankley Biogas Limited, despite numerous requests in this regard, and the Company being unable to agree an option to lease agreement in respect of the site with the vendor. The Company is currently engaged in constructive negotiations to reach an amicable resolve for the ongoing dispute and is confident that this will be settled soon.

[pa123] 28/6/2023 09:59

and the euphoria of 'HANDING OVER' the Italian plant has sure worn off !!
Rightly so, where is the effin money????

[pa123] 28/6/2023 09:25

it is very quiet on here, a bit like the cash earnings and share price, in a medically induced coma!!

[pa123] 26/6/2023 15:09

correct, until they actually start bringing some cash on board, Italy financials, be interesting to see how long that takes...

[cleverinvestor] 26/6/2023 14:26

stevea171

EQT will still be bumping along until chicken comes home to roost

On a serious note the article below addressed your de-dollarisation questtion. Article also discussed investment possibilities


hxxps://money.usnews.com/investing/articles/de-dollarization-what-happens-if-the-dollar-loses-reserve-status

Extracts below from the article

What Would Happen if the Dollar Loses Reserve Status?
It's important to realize that reserve status is something that, historically, has been gained or lost over a long time horizon. It's unlikely that the world would wake up one day with dollars no longer holding international appeal. Rather, in examples such as the British pound, there was a multidecade process by which it went from the center of world economics to a second-tier currency.

That said, if the dollar gradually loses its place atop the world financial pyramid, what would happen next? For the U.S., it would likely mean less access to capital, higher borrowing costs and lower stock market values, among other effects. Having the world's reserve currency has allowed the U.S. to run large deficits in terms of both international trade and government spending. If foreigners no longer want to hold dollars for savings, it would force significant belt-tightening at home.

As for what would replace the dollar, it's hard to forecast at this point. It's possible to imagine a world in which the euro or Chinese yuan eventually became the primary reserve currency, but a great deal would have to change in world politics to get to that point. Some economists also propose a financial system backed by either precious metals or cryptocurrency, though implementation of these sorts of models could prove to be a considerable challenge.

Investment Possibilities for a De-dollarized World
To reiterate, it's rather unlikely that the dollar would simply stop being the world's reserve currency overnight. That said, there is a distinct possibility that the dollar's overwhelming role in international trade and commerce could gradually diminish in coming years. .............................................

[skinny] 26/6/2023 12:21

What do you think!

[m4rtinu] 26/6/2023 12:17

A bit of humility from the US?

[stevea171] 25/6/2023 20:52

Dollar to lose reserve currency status by August 25 this year?
If so what follows ....?

[dofmeister] 25/6/2023 19:23

That's more of a tricky one.....but things seem to be coming together quickly now...the important thing was proving the technology....

[m4rtinu] 25/6/2023 17:19

Dof, fair point. So, what do you see as the income streams over the next 18 months?

[dofmeister] 25/6/2023 16:42

I was quoting Juju from the previous post, take it up with him/her....

[m4rtinu] 25/6/2023 16:31

Dof, whatever your view, calling other "investors" thick is not going to endear yourself to anyone.

[dofmeister] 25/6/2023 16:05

All the best with SHG, I will take a look, used to be invested there...

[stevea171] 25/6/2023 16:03

Stock. I'm also looking to the dire macro market/economic/political situation over the coming weeks, months and year.
With the proceeds I have increased my investment in SHG. Over the next year I think PM miners will out perform EQT which could have further cash raises or in the worst case scenario go bust! So am happy to step aside and let others take that risk ....

[dofmeister] 25/6/2023 15:31

Stevea = Whinger lol

Difference is I don't think they have failed, I've substantially increased my holding at this price and you have sold out. Happy to see who's right !!

[stevea171] 25/6/2023 14:58

Dofmeister talking to himself now. How desperate is that?!

Stock = Dofmeister. lol.

He has a happy knack of going overboard with investments in companies where the management are out for themselves and trample all over shareholders. eg ALTN, EQT.
He over invests in these companies then backs up the failing management with supporting posts, attacking anyone who has a contrary view.

[stockknobjockeyvanbookstino] 25/6/2023 08:53

Agreed Dof, investors who bought in at a market cap of £100m +/- have only themselves to blame. Great opportunity from here.